Vietjet share soars 20 percent in first session

After the low-cost Vietnamese carrier Vietjet has completed its public listing and officially become a fully-listed entity on the Ho Chi Minh City Stock Exchange (HOSE) yesterday, its shares increased by 20 percent from VND90,000 to VND108,000 during the first session.

After the low-cost Vietnamese carrier Vietjet has completed its public listing and officially become a fully-listed entity on the Ho Chi Minh City Stock Exchange (HOSE) yesterday, its shares increased by 20 percent from VND90,000 to VND108,000 during the first session.

The first airline in Vietnam to be listed on HOSE, Vietjet has a chartered capital of VND3 trillion with VND90,000 per share. That would mean Vietjet’s capitalization would stand at VND27 trillion ( US$1.2 billion), accounting for 1,5 percent of HOSE capitalization as of February 15, 2017.

Vietjet, the first privately-owned commercial airline in Vietnam, and one of the most efficient carriers in the world, had started to generate profits in its second year of operations. Its revenue in 2016 was VND27,532 billion (USD1.21 billion) with a net profit of VND2,394 billion (USD105 million) with an earnings per share of VND8,762.

By Hanh Nhung - translated by Uyen Phuong

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